Business Developments & Projects
Prysmian gives out €35M contract to expand submarine cable plant in Finland
Italian cabling giant Prysmian Group has awarded Finnish construction and development company YIT with a contract to build warehouse facilities at the production site for submarine cables in Kirkkonummi, Finland. Under the contract valued at approximately €35 million, YIT is in charge of the expansi
Dutch thermoplastic composite pipe producer welcomes €20M investment to boost growth
SENCO Hydrogen Capital, a private equity firm focusing on investments across the hydrogen and energy-in-transition value chain, has invested €20 million in Dutch manufacturer of innovative pipeline technology Strohm to boost the company’s growth trajectory. Made shortly after the first closing of SE
EverLoNG: Second carbon capture demonstration onboard LNG-powered ship takes off
The second trial in the EverLoNG project began with Heerema Marine Contractors’ Sleipnir setting sail equipped with a ship-based carbon capture unit.
Inyanga Marine and Verdant Morlais to work on 4.9 MW tidal stream energy project in Wales
Inyanga Marine Energy Group and Verdant Morlais Ltd (VML) have inked a memorandum of understanding (MoU) to deliver a 4.9 MW tidal stream energy project at Morlais in Wales.
Fresh gas discovery with multiple development routes emerges from North Sea depths
Wintershall Dea has expanded its natural gas arsenal with a new gas condensate discovery in the Northern North Sea, thanks to drilling activities undertaken with one of Transocean’s semi-submersible rigs.
Quoceant secures another approval for quick connection system for marine renewables
Scottish engineering consultancy Quoceant has received an IECRE Feasibility Statement for the quick connection system for marine renewable energy applications from Lloyd’s Register, a renewable energy certification body (RECB).
Terntank nets grant agreement for e-methanol/wind solution
Terntank received a grant agreement by the European Climate, Infrastructure and Environment Executive Agency (CINEA) for the eMETHANOLxWSolution.
Simply Blue Group secures land in Ireland for sustainable fuels project
Simply Blue Group has acquired land in Whitegate, adjacent to Ireland’s only oil refinery, as part of its plans to develop a renewable energy park to produce sustainable fuels.
Europe’s mega gas project braving perils as plot twist emerges from explosive-ridden Black Sea waters
An analysis has put a new spin on the ride-or-die opposition to the development of a $4.4 billion deepwater gas project in the European Union (EU).
Industrial-scale floating green ammonia plant project enters next phase
The OFFSET floating green ammonia plant project reached the next phase with a technical feasibility study delivered by thyssenkrupp Uhde.
Australian player’s assistance to bring BP millions in savings
BP has formed a strategic alliance with Australia’s Worley to streamline operations and improve organization across its global site projects.
Wärtsilä launches 100% hydrogen-ready engine power plant
Finnish technology group Wärtsilä has launched a new engine power plant which can be converted to run on 100% hydrogen.
Industry majors set in motion next phase of project that aims to cut reservoir monitoring costs
A number of industry partners have kicked off the next phase of the On Demand Ocean Bottom Node (OD OBN) development project which aims to provide a versatile, lower-cost, more resilient solution for time-lapse seismic and subsidence monitoring of producing reservoirs. The project, which began in 20
Shell broadens its LNG horizons by taking over Singapore player active in Europe and Asia
Shell has set the wheels in motion to scale up its LNG portfolio with the acquisition of Singapore-based Pavilion Energy.